REGIONAL DEVELOPMENT AND RENEWABLE ENERGY ENTERPRISES. A PORTER’S DIAMOND ANALYSIS
Abstract
The purpose of this paper is twofold. On the one hand, it aims to highlight the significant role of regional parameters when analyzing the competitive advantage of renewable energy enterprises in Greece by applying Porter’s diamond model, and at the same time to implement the aforementioned model in the case of solar energy enterprises. The paper suggests that analysis should be spread to lower levels than the national one, because renewable energy production companies, either at the stage of installation or at the stage of operation, are fully affected by local conditions. Measuring or analyzing competiveness of this kind of enterprises is not always easy because there are essential differences in comparison with other types of industrial activity. In this paper, specific regional data are also incorporated in the analysis of the diamond model conditions, which affect competitiveness.
References
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*** European Union. (2011b). Regional policy contributing to sustainable growth in Europe. Brussels: European Union.
*** Foundation for Economic and Industrial Research (IOBE). 2010. The sector of renewable fuels in Greece: problems and prospects. Athens: Foundation for Economic and Industrial Research.
*** Greek Ministry for Environment, Energy and Climate Change. 2010. National Renewable Energy Action Plan in the scope of Directive 2009/28/EC. Greek Ministry for Environment, Energy and Climate Change.
*** Greek Ministry of Environment, Energy and Climate Change. (2011a). Project Helios: The Greek Solar Energy Project. Paper presented at the 26th European Photovoltaic solar energy conference and exhibition, Hamburg, 5th September 2011.
*** Greek Ministry of Environment, Energy and Climate Change. (2011b). Project Helios: The Greek Solar Energy Project. Greek Ministry of Environment, Energy and Climate Change http://www.ypeka.gr/LinkClick.aspx? fileticket=tS5DqZb2xdU%3D&tabid=786&language=el-GR (accessed September 16, 2013).
*** International Energy Agency (IEA). 2011. Energy Policies in IEA countries-Greece. OECD/IEA.
*** Labour Institute of the Greek General Confederation. 2012. Annual Report 2012. Athens.
*** McKinsey & Company. (2012). Greece ten years ahead: Defining Greece’s new growth model and strategies. Athens: McKinsey & Company.
*** National Institute of Labour and Human Resources (NILHR). (2012). The cost of labor in Greece before and after the Memorandum. Papers and Reports 1/2012, Athens: National Institute of Labour and Human Resources.
*** OECD. (2012). Inclusive Green Growth: For the future we want.
*** Public Enterprise of Electricity. (2012). Connections of the Renewable Energy Resources (RES) plants. Public Enterprise of Electricity http://www.deddie.gr/en/sundeseis-stathmwn-ananewsimwn-pigwn-energeias -ape (accessed September 16, 2013)
*** World Bank. 2013. Electricity consumption. http://data.worldbank.org/indicator/EG.USE.ELEC.KH (accessed September 16, 2013).
[2] Barbiroli, G. (2011). Economic consequences of the transition process toward green and sustainable economies: costs and advantages, International Journal of Sustainable Development & World Ecology, 18(1): 17-27.
[3] Barkley, D.L. (2008). Evaluations of Regional Competitiveness: Making a Case for Case Studies. The Review of Regional Studies, 38(2):121–143.
[4] Barrett, T.C. (2012). Energy infrastructure connecting South Eastern Europe: Technical and Economic Aspects. Paper presented at the High Level Energy Conference: Renewable Energy and Infrastructure Development in Southeastern Europe and the Project Helios, Athens, 3rd April 2012.
[5] Brooksbank, D.J., Pickernell, D.G. (1999). Regional competitiveness indicators: A reassessment of method, Local Economy, 13(4): 310-326.
[6] Bull, S.R., Billman, L. (1999). Renewable Energy: Ready to Meet Its Promise?. The Washington Quarterly, 23(1): 229–244.
[7] Demir, K.A., Sulukan, E., Deliorman, R.B., Demir, S., Uyar, T.S. (2010). Competitive advantage of wind power industry for Turkey: Analysis of factor conditions in Porter’s diamond model. Paper presented at the 9th World Wind Energy Conference & Renewable Energy Exhibition, Istanbul, June 15-17.
[8] Dogl, C., Holtbrugge, D., Schuster, T. (2012). Competitive advantage of German renewable energy firms in India and China: An empirical study based on Porter’s diamond. International Journal of Emerging Markets, 7(2):191-214.
[9] Feder, D. (2004). A Regionally Based Energy End-Use Strategy: Case Studies from Centre County Pennsylvania. The Professional Geographer, 56(2):185–200.
[10] Hoffmann, E. (2007). Consumer Integration in Sustainable Product Development. Business Strategy and the Environment, 16: 322–338.
[11] Huggins, R. and N. Williams. (2011). Entrepreneurship and regional competitiveness: The role and progression of policy, Entrepreneurship & Regional Development: An International Journal 23, 9-10: 907-932.
[12] De Laurentis, C. (2011). Renewable Energy Innovation and Governance in Wales: A Regional Innovation System Approach, European Planning Studies, 20(12): 1976–1996.
[13] Malecki, E.J. (2011). On diamonds, clusters, and regional development. In Competition, Competitive Advantage, and Clusters: The ideas of Michael Porter, ed. R. Huggins and H. Izushi, Oxford: Oxford University Press.
[14] Palz, W. (1990). Renewable energy in Europe. International Journal of Solar Energy, 9(2): 109-125.
[15] Platt, K., Judy, C. (2012). Regional Renewable Energy Procurement. Public Management. June, page 25.
[16] Porter, M.E. (1990). The Competitive Advantage of Nations. London: MacMillan Press Ltd.
[17] Porter, M.E. (1998). The Competitive Advantage of Nations. New York: The Free Press.
[18] Porter, M. (2003). The economic performance of regions, Regional Studies, 37(6-7): 549-78.
[19] Porter, M.E. (2008). On competition. Updated and Expanded Edition. Boston: Harvard Business School Press.
[20] Radzi, A., Droege, P. (2013). Governance Tools for Local Energy Autonomy, in Climate Change Governance, Ed. J. Knieling and W. Leal Filho, Berlin: Springer.
[21] Ratliff, N., Smith, D.H. (2005). Renewable Energy Electricity State Level Policies in the WRAP Region: What, Why and Maybe How. Energy Sources, 27(5): 431–444.
[22] Wiseman, H. (2011). Expanding Regional Renewable Energy, Harvard Environmental Law Review, 35: 478-540.
[23] Zhao, Y.Z., Hu, J., Zuo, J. (2009). Performance of wind power industry development in China: A Diamond, Model study. Renewable Energy, 34: 2883-2891.
*** Commission of European Communities. 2008. Regions 2020: An assessment of future challenges for EU regions. Brussels. http://ec.europa.eu/regional_policy/sources/docoffic/working/regions2020/pdf/regions2020 _en.pdf (accessed September 16, 2013)
*** Ernst and Young. (2012). Renewable energy country attractiveness indices. February 2012. Issue 32: EYGM limited.
*** EurObserv’ER. (2012). Photovoltaic barometer. EurObserv’ER. http://www.eurobserv-er.org/pdf/photovoltaic_ 2012.pdf (accessed September 16, 2013)
*** European Commission. (2010). Europe 2020: A strategy for smart, sustainable and inclusive growth. European Commision. http://ec.europa.eu/eu2020/pdf/COMPLET%20EN%20BARROSO%20% 20%20007% 20-%20Europe%202020%20-%20EN%20version.pdf (accessed September 16, 2013).
*** European Commission. (2011a). A resource-efficient Europe: Flagship initiative under the Europe 2020 Strategy. European Commission. http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:20110021 FIN EN:PDF (accessed September 16, 2013)
*** European Commission. (2011b). Energy Roadmap 2050. European Commission. http://ec.europa.eu/energy/ energy2020/roadmap/doc/com_2011_8852_en.pdf (accessed September 16, 2013).
*** European Parliament. (2012). Infrastructure for renewable energies: A factor of local and regional development. Brussels: European Union.
*** European Photovoltaic Industry Association (EPIA). (2012). Connecting to the sun: Solar photovoltaics on the road to large scale grid integration. Brussels: European Photovoltaic Industry Association.
*** European Union. (2011a). Energy 2020: A strategy for competitive, sustainable and secure energy. Belgium: European Union.
*** European Union. (2011b). Regional policy contributing to sustainable growth in Europe. Brussels: European Union.
*** Foundation for Economic and Industrial Research (IOBE). 2010. The sector of renewable fuels in Greece: problems and prospects. Athens: Foundation for Economic and Industrial Research.
*** Greek Ministry for Environment, Energy and Climate Change. 2010. National Renewable Energy Action Plan in the scope of Directive 2009/28/EC. Greek Ministry for Environment, Energy and Climate Change.
*** Greek Ministry of Environment, Energy and Climate Change. (2011a). Project Helios: The Greek Solar Energy Project. Paper presented at the 26th European Photovoltaic solar energy conference and exhibition, Hamburg, 5th September 2011.
*** Greek Ministry of Environment, Energy and Climate Change. (2011b). Project Helios: The Greek Solar Energy Project. Greek Ministry of Environment, Energy and Climate Change http://www.ypeka.gr/LinkClick.aspx? fileticket=tS5DqZb2xdU%3D&tabid=786&language=el-GR (accessed September 16, 2013).
*** International Energy Agency (IEA). 2011. Energy Policies in IEA countries-Greece. OECD/IEA.
*** Labour Institute of the Greek General Confederation. 2012. Annual Report 2012. Athens.
*** McKinsey & Company. (2012). Greece ten years ahead: Defining Greece’s new growth model and strategies. Athens: McKinsey & Company.
*** National Institute of Labour and Human Resources (NILHR). (2012). The cost of labor in Greece before and after the Memorandum. Papers and Reports 1/2012, Athens: National Institute of Labour and Human Resources.
*** OECD. (2012). Inclusive Green Growth: For the future we want.
*** Public Enterprise of Electricity. (2012). Connections of the Renewable Energy Resources (RES) plants. Public Enterprise of Electricity http://www.deddie.gr/en/sundeseis-stathmwn-ananewsimwn-pigwn-energeias -ape (accessed September 16, 2013)
*** World Bank. 2013. Electricity consumption. http://data.worldbank.org/indicator/EG.USE.ELEC.KH (accessed September 16, 2013).
Published
2014-06-30
How to Cite
LIARGOVAS, Panagiotis; APOSTOLOPOULOS, Nikos.
REGIONAL DEVELOPMENT AND RENEWABLE ENERGY ENTERPRISES. A PORTER’S DIAMOND ANALYSIS.
Theoretical and Practical Research in Economic Fields, [S.l.], v. 5, n. 1, p. 5-16, june 2014.
ISSN 2068-7710.
Available at: <https://journals.aserspublishing.eu/tpref/article/view/1221>. Date accessed: 24 apr. 2024.
doi: https://doi.org/10.14505/tpref.v5.1(9).01.
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